Gary is an engineer for a large firm which has a group insurance plan that includes long-term disability insurance. The employer-paid premiums are a taxable benefit to the employees. Gary is the sole income earner in his family and understands that if he were to lose his income, or if his income declined significantly, it would impact his family's standard of living drastically. Gary is considering purchasing an individual disability policy to supplement his group plan. Which of the following statement is CORRECT? The combination of benefits for group and individual policies should provide for income higher than he has currently to help cover potential medical costs that come with a disability. He should consider having own occupation on the individual policy as the group plan is most likely any occupation. The benefits from an individual policy would be received in a more tax advantaged manner than those from his group policy. If he obtains an individual plan he must cancel his group plan